Dubai property market growth has surged, reinforcing its status as a global hotspot for real estate investment. The city’s residential sector recorded total sales of AED 151.8 billion, marking a 46% rise in value and a 25% increase in transaction volumes. With over 50,000 units sold, Dubai remains one of the world’s most dynamic real estate destinations.
Momentum continues to build across all property segments. Compared to the previous quarter, residential sales jumped 33% in value and 19% in volume. The luxury segment achieved a new benchmark with 1,417 high-end transactions, representing a 67% quarterly rise and a 113% increase year-on-year. This underscores Dubai property market growth and its growing appeal among ultra-high-net-worth buyers seeking luxury off-plan homes.
The market’s supply also expanded significantly, with over 20,000 new units delivered. Jumeirah Village Circle accounted for 20% of these completions, followed by Sobha Hartland at 11% and Mohammed Bin Rashid City at 8%. Despite this influx, prices remain strong, climbing 6% from the previous period and 18% year-on-year. Average prices reached AED 1,582 per square foot, now 90% higher than during the pandemic low.
Investor activity has also surged, further driving Dubai property market growth. Investors made up 58% of all transactions, up from 50% previously. End-user activity dropped slightly to 42%, reflecting strong demand for rental income and capital appreciation. Notably, cash buyers dominated, representing 52% of transactions as mortgage deals declined to 48%.
International interest continues to rise, with the UK surpassing India as the leading buyer nationality after a 56% surge in transactions. India and Pakistan maintained second and third positions, while Poland entered the top five for the first time. Interestingly, Russia dropped out of the top 10, and Ireland rose to sixth place, highlighting shifting global trends.
Dubai developers remain confident, projecting over 200,000 new units through 2027. This pipeline reflects strong expectations for sustained demand from both local and international buyers. As global investors increasingly turn to Dubai, the property market’s resilience positions it as one of the world’s most attractive investment destinations.
